By Jane L. Johnson
The student loan program not only is saddling young people with huge debts, but it also encourages colleges and universities to charge higher tuition.
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By Jane L. Johnson
The student loan program not only is saddling young people with huge debts, but it also encourages colleges and universities to charge higher tuition.
This is a big problem, even with my generation.
We didnt realize how much debt we would be taking on.
Then the economy has been rocked so many times.
You'd be shocked if you knew the degree to which college administrators and faculty knowingly admit and retain students who have no shot at finishing, just to keep the financial aid revenue flowing.
It's really sick.
Is it really that high?
I dont think financial aid should ne given to some subjects...some need to die out.
It depends on the institution, but at open enrollment universities and community colleges it can be really alarming.
Some majors like womans studies, psychology, and communications....
Pretty worthless majors.
I agree, but that's a different issue. At time of admission, schools have a very good idea of a student's odds of completing a degree. They wildly mislead low probability students about those odds and then encourage them to take on as much financial aid as possible.
I remember starting my major with 93 students, was down to 29 by the time we graduated.
That’s pretty much the norm